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3. At the Happy Ever After Bar, the new manager Patrick has been told they use the following methods to calculate their selling prices.
3. At the Happy Ever After Bar, the new manager Patrick has been told they use the following methods to calculate their selling prices. Drink Method of calculating price Carlsberg Beer Contribution Margin MOP35.00 Heineken Pricing Factor 8 Tsing Tao Beverage Cost % 12% Macau Beer Pricing Factor 7 Stella Artois Asahi Beverage Cost % 20% Contribution Margin MOP30.00 Selling Price MOP40.00 MOP48.00 MOP50.00 MOP35.00 MOP65.00 MOP35.00 They now want to standardize all the prices with a beverage cost of 11% except for Stella Artois and Heineken for which they want a beverage cost of 15%. Please help Patrick calculate the new selling prices for all the drinks.
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